List of countries by GDP (PPP) per capita: Difference between revisions

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Comparisons of national wealth are also frequently made on the basis of nominal GDP, which does not reflect differences in the [[cost of living]] in different countries (''See'' [[List of countries by GDP (nominal) per capita]]). Using a PPP basis is arguably more useful when comparing generalized differences in living standards on the whole between nations because PPP takes into account the relative cost of living and the [[inflation rates]] of the countries, rather than using just [[exchange rates]] which may distort the real differences in income.
Comparisons of national wealth are also frequently made on the basis of nominal GDP, which does not reflect differences in the [[cost of living]] in different countries (''See'' [[List of countries by GDP (nominal) per capita]]). Using a PPP basis is arguably more useful when comparing generalized differences in living standards on the whole between nations because PPP takes into account the relative cost of living and the [[inflation rates]] of the countries, rather than using just [[exchange rates]] which may distort the real differences in income.


Other figures include [[savings]] (not just income), such as [[national wealth]]. GDP per capita is often considered an indicator of a country's [[standard of living]],<ref>[http://www.guardian.co.uk/business/2009/sep/14/sarkozy-attacks-gdp-focus French President seeks alternatives to GDP], [[The Guardian]] 14-09-2009.</ref><ref>[http://www.europarl.europa.eu/committees/en/studiesdownload.html?languageDocument=EN&file=19990 "Alternative progress indicators to Gross Domestic Product (GDP) as a means towards sustainable development"]</ref> although this can be problematic because GDP per capita is not a measure of [[personal income]] (''See'' [[Gross_domestic_product#Standard_of_living_and_GDP|Standard of living and GDP]]).
Other figures include [[savings]] (not just income), GAYsuch as [[national wealth]]. GDP per capita is often considered an indicator of a country's [[standard of living]],<ref>[http://www.guardian.co.uk/business/2009/sep/14/sarkozy-attacks-gdp-focus French President seeks alternatives to GDP], [[The Guardian]] 14-09-2009.</ref><ref>[http://www.europarl.europa.eu/committees/en/studiesdownload.html?languageDocument=EN&file=19990 "Alternative progress indicators to Gross Domestic Product (GDP) as a means towards sustainable development"]</ref> although this can be problematic because GDP per capita is not a measure of [[personal income]] (''See'' [[Gross_domestic_product#Standard_of_living_and_GDP|Standard of living and GDP]]).


Several [[economies]], which are not considered to be countries (i.e. the world, the European Union and some [[dependent territories]]), are included in the list because they appear in the sources. These economies are not ranked in the charts here, but are listed in sequence by GDP for comparison. Non-sovereign entities, former countries or other special groupings are marked in ''italics''.
Several [[economies]], which are not considered to be countries (i.e. the world, the European Union and some [[dependent territories]]), are included in the list because they appear in the sources. These economies are not ranked in the charts here, but are listed in sequence by GDP for comparison. Non-sovereign entities, former countries or other special groupings are marked in ''italics''.
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==See also==
==See also==
* [[Big Mac Index]]
* [[Big Mac Index]]

Revision as of 18:15, 6 December 2013

Countries by 2011 GDP (PPP) per capita, based on World Bank figures; if no IMF/World Bank figure was available for a country, the CIA figure was used.

This article includes several lists of countries by gross domestic product at purchasing power parity per capita, the value of all final goods and services produced within a country in a given year, divided by the average (or mid-year) population for the same year.

Methodology

Gross domestic product (GDP) dollar estimates are derived from purchasing power parity (PPP) calculations, per capita. Such calculations are prepared by various organizations, including the International Monetary Fund and the World Bank. As estimates and assumptions have to be made, the results produced by different organizations for the same country tend to differ, sometimes substantially. PPP figures are estimates rather than hard facts, and should be used with caution.

Comparisons of national wealth are also frequently made on the basis of nominal GDP, which does not reflect differences in the cost of living in different countries (See List of countries by GDP (nominal) per capita). Using a PPP basis is arguably more useful when comparing generalized differences in living standards on the whole between nations because PPP takes into account the relative cost of living and the inflation rates of the countries, rather than using just exchange rates which may distort the real differences in income.

Other figures include savings (not just income), GAYsuch as national wealth. GDP per capita is often considered an indicator of a country's standard of living,[1][2] although this can be problematic because GDP per capita is not a measure of personal income (See Standard of living and GDP).

Several economies, which are not considered to be countries (i.e. the world, the European Union and some dependent territories), are included in the list because they appear in the sources. These economies are not ranked in the charts here, but are listed in sequence by GDP for comparison. Non-sovereign entities, former countries or other special groupings are marked in italics.

All figures are in current international dollars (Int$).


See also

References

  1. ^ French President seeks alternatives to GDP, The Guardian 14-09-2009.
  2. ^ "Alternative progress indicators to Gross Domestic Product (GDP) as a means towards sustainable development"
  3. ^ Data refer mostly to the year 2012. "GDP per capita, PPP (current international $)", World Development Indicators database, World Bank. Database updated on 23 September 2013. Accessed on 9 October 2013.
  4. ^ Data refer mostly to the year 2012. World Economic Outlook Database-October 2013, International Monetary Fund. Accessed on 9 October 2013.
  5. ^ a b c d Population data from World Development Indicators, World Bank. Accessed on 9 October 2013.
  6. ^ The IMF is using officially reported data for Argentina. It warns, however, that it has "issued a declaration of censure and called on Argentina to adopt remedial measures to address the quality of the official GDP data. Alternative data sources have shown significantly lower real growth than the official data since 2008." [1]
  7. ^ GDP - per capita (PPP), The World Factbook, Central Intelligence Agency. Accessed on 9 October 2013. Notes: Data for the World and Kosovo obtained from individual grouping pages.
  8. ^ The World Factbook claims to be using a population of "less than 700,000" to estimate the per capita figure, but the PPP GDP data on Equatorial Guinea's page suggest a population of about 740,000 was used.